The Reel

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A blog for breaking sales and neighborhood real estate news.

A development site located at 674-696 Livonia Avenue in Brooklyn’s East New York neighborhood was sold in an all cash transaction valued at $3,450,000. The 20,000 sq. ft., corner to corner lot is ideally located just two blocks from the busy intersection at Livonia and Pennsylvania Avenues and within close proximity of major amenities such as public transportation, shopping centers, public schools and houses of worship. The sales price represented $172.50 per square foot signifying the highest price paid for a development site of this size in Brownsville or East New York and proving that there is still a market for well located development sites.

Neighborhoods: Brownsville, East New York